Want to minimize losses in crypto trading? Stick to these rules: Do your research, diversify investments, use stop-losses, trade rationally (not emotionally), and only risk what you can afford. Always stay informed!
Solid advice Ani! I’d also add: focus on risk management over profits, take profits regularly, and avoid FOMO entries. Slow and steady wins long-term in crypto.
My advice would be: Build your own calculators and calculate the fees before making a transaction. With crypto add volatility to the mix and use AI to get any additional fee you may be missing.
If you trade than you will also loose.
You cannot win all the time. Trading is to stay ahead over a month. End of the month you need to be in plus. Don’t trade with money you need to stay warm and eat.
Trading involves risks, and losses are part of the process. Consistency matters more than winning every trade. Manage risk wisely and only use disposable income to avoid financial stress.
Placing a stop loss order is the way
Unfortunately that is not true. If you use leverage you still have the risk of a total loss.
and here in detail: https://www.reddit.com/r/FuturesTrading/comments/148n8xd/stop_loss_and_do_they_always_fill/
To avoid losses in crypto:
- Only invest what you can afford to lose.
- Do your own research before buying any coin.
- Use stop-loss orders to limit big drops.
- Avoid emotional trading and hype.
- Store your crypto safely (like in a hardware wallet).
Don’t use leverage.
Yes, stop loss can avoid you from big loss.